Chubb unites Bermuda financial and excess liability lines under veteran leader
Chubb Bermuda has consolidated its financial lines and excess liability product lines under a recognised leader in the industry with over two decades of US and international industry experience.
Richard Porter (pictured) has been made executive vice president, head of liability lines after driving “superior results” in his previous role as head of financial lines.
Porter will assume full management, profit and loss performance responsibility for the new division, including ongoing development and execution of profitable underwriting portfolio management strategies and lead strategic business planning for product, service and distribution growth.
Porter is based in Bermuda and will continue reporting to Judy Gonsalves, vice president of Chubb Group and division president, Chubb Bermuda. Mike Warwicker, senior vice president, head of excess liability, will remain in his current role reporting to Gonsalves.
Porter has more than two decades of US and international industry experience. He most recently served as SVP, head of financial lines, leading Chubb Bermuda's financial lines division, which includes directors and officers liability, cyber, transactional risk, errors and omissions, and employment practices liability.
Gonsalves said: “By combining the product lines under one umbrella, Chubb Bermuda will leverage the broad similarities in underwriting practices, market dynamics, client base and broker relationships that exist in financial lines and excess liability to elevate the organisation’s underwriting and service excellence across Chubb Bermuda’s core long-tail product lines.”
“Rick has driven superior results as head of financial lines for Chubb Bermuda since assuming the role four years ago. His strong leadership, underwriting acumen and legal expertise will be invaluable in this new role and in executing our growth strategies for liability lines.”
Chubb Bermuda's excess liability and financial lines provide high excess capacity coverage solutions to a large portfolio of Fortune 500-1000 multinational corporations across all industry sectors.
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